||EPS - Basic
||Market Cap (m)
|Construction & Materials
T Clarke Share Discussion Threads
Showing 2276 to 2299 of 2300 messages
|Been adding myself.|
|Added today. Very grateful to whichever fund or institution is selling.|
Almost eight in ten electrical and building services specialists saw turnover increase or stay steady in the second quarter of 2016.
New research from the Electrical Contractors’ Association covers the period leading up to the EU referendum and the week following the result.
Contractors were also confident about the post Brexit Q3 with 82% expecting turnover to increase or stay the same compared to Q2.|
|I was disappointed by the recent interims. Revenue was lower than I forecast, as was gross margin. The latter was a particular disappointment. having made a lot of noise about improving margins, they were unchanged from the prior period and, after adjusting for discontinued businesses, were actually worse on an underlying basis. Further, the text of the interims dropped all mention of improving margins.
Using a target PE ratio of 10 and adjusting for tax, pension, borrowings and options, I get a target price of 76.4p, just 9% above the current level.
Given the uncertain outlook, I view this as a HOLD at present.|
|A few decent sized trades over the last couple of days. Hopefully whoever has been selling has finished although we won't know until we see a few more buys to test the upside.|
|I am intrigued to see what happens with the share price now as the spread has gone to over 4 and WNTS have today increased their spread to 6 which I expect them to cut later once they are more comfortable.
As WNTS walked the offer price down yesterday and early first thing and now have the best bid I guess the spread will slowly close.|
|Pension deficits are an ever-present problem in the current environment and the statement hints - no, states specifically - that it is a growing problem for the business.
I agree with CC2014 that until the updated valuation is available, the company needs to cautious with its resources as the Trustees may well be looking for additional payments into the fund.
Add to that the prospect of a rate cut on Thursday and/or further quantitative easing and pension liabilities (albeit on paper) will only increase.
No wonder companies are so cautious about the future.|
|I was happy with the forward order book, cash position and the cautiously optimistic Brexit statement.
The lack of increase in the dividend was disappointing but I believe they had no choice given annuity rates.
It was great to see the day end with a 15k buy just before the close at 68.5, with another 15k on the buy side at 68.0|
|Thanks gdjs for pointing that comment out. I think they are being very cautious, understandably so, in view of Brexit, and want to overdeliver rather than get everyone's pulses racing and encounter setbacks. Even so a rise in the dividend to even 0.75p would have cost little and steadied nerves. Feeling happier and still believe this is a high quality situation .|
|One more mention, on their Investor Pack for H1 2016 (presentation) on their website:"Market conditions continue to present bidding opportunities that will give us good revenues into 2017."The company is focused on improving performance and margins throughout the Group despite the uncertainty as a result of the EU referendum."|
|For the minute I am happy to give them the benefit of the doubt on the H1 margin - which is just for six months after all:"Operating margins were slightly lower... reflecting the mix of work and stage of completion with a number of significant schemes having only recently started on site."Then, later, with respect to increasing margins:"...although margins vary by sectors, they are showing cautious signs of improvement..."|
|Quite a change in tone and as tuscan says no mention of rising margins. Div held is also disappointing given there is now net cash on the balance sheet. I think management need to be more revealing or investors will fill in the blanks themselves - and it won't be flattering.|
|What's happened to margins? Plenty of positive margin comments in recent months but now barely a mention. Something not quite right here.|
|Well i am very disappointed with the results but the market appears very relaxed. I do not currently own any shares|
|AS I have said before I believe that the dividend is the key to the share price moving to a higher level. Any dividend below 1.5p tomorrow will be a disappointment. Miton presumably have not increased to 17% without a pretty clear and positive view directly from the company. Still think this is a superb investment capable of 150p plus over the next 18 months providing margins are AT LAST returning to normality.|
|Interims due tomorrow. Should be really interesting to see whether the directors feel able to increase the dividend given the post Brexit climate and what comments they make on the forward order book.|
|Looks like they paid 68p.|
|Miton can't resist can they? Another 500k picked up the other day taking their holding to 17.7%.|
|That's my sell this morning as I got 9% from my purchase last week and I could resist the prices on ALD and BLND. I'm quite surprised the MM's absorbed it so easily and L2 hasn't moved at all. Still 20k sitting at 67.5 so I assume they are working a nice buy order.|
|L2 is stacking up on the buy side in exactly the same way it did yesterday afternoon. I will be interested to see if we get another move up later in the day|
|I'm doing fine Spooky. I bought a shed-load between 43 and 53, 2 years ago so I've still got a load of them in profit. Add to that I've had 6.2p dividend on those and 3.1p from most of the others higher up.
I wouldn't want CTO to fall much further though. The last week has been a little frustrating.
It was good to see the price come back this afternoon on decent volume, with solid buy volume in the closing auction at 65.0 left unfilled.
Tbh my time horizon on CTO has always been long term (say 5 years). We will see how the single market negotiations go and for the government to get on with this asap. Uncertainty doesn't help anyone.|
|CC2014 - You must be taking a bath in these, do you ever use stop losses?|
|Topped up here. Another 26,774 shares for the portfolio.|
|oops ..... sorry! Yes you are right I've got my posters mixed up. Well I'm still looking forward to your thoughts as this does seem very cheap. This has come up on my zulu screen, but I think it's more of a value play really with a good dividend which should provide a bit of support to the price. Also net cash and good (over 5 year period) cash flow. Margins seem to be improving plus a bit of top line growth. The only downside seems to be the pension deficit. However Paul Scott seems keen and he normally stays away from anything with a weak balance sheet.My thoughts so far.Cheers Baz|